PHH Corp. Hits New 52-Week High at $24.63 (PHH)
PHH Corp. (NYSE:PHH) set a new 52-week high during trading hours on Thursday, AnalystRatings.Net reports. The company traded as high as $24.63 and last traded at $24.45, with a volume of 2,747,814 shares. The stock had previously closed at $22.62.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley initiated coverage on shares of PHH Corp. (NYSE:PHH) in a research note to investors on Wednesday, September 11th. They set an “equal weight” rating and a $21.10 price target on the stock. Separately, analysts at Oppenheimer initiated coverage on shares of PHH Corp. (NYSE:PHH) in a research note to investors on Monday, September 9th. They set a “market perform” rating on the stock. Finally, analysts at Zacks upgraded shares of PHH Corp. (NYSE:PHH) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 7th. They now have a $23.20 price target on the stock.
Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.72.
PHH Corp. has a 52 week low of $18.50 and a 52 week high of $24.63. The stock’s 50-day moving average is $21.83 and its 200-day moving average is $21.29. The company has a market cap of $1.397 billion and a P/E ratio of 9.22.
PHH Corp. (NYSE:PHH) last released its earnings data on Wednesday, July 31st. The company reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by $0.34. The company had revenue of $822.00 million for the quarter, compared to the consensus estimate of $758.55 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 47.0% on a year-over-year basis. Analysts expect that PHH Corp. will post $2.78 EPS for the current fiscal year.
PHH Corporation (NYSE:PHH) is an outsource provider of mortgage and fleet management services.
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